Fiscal Note
Est. cost not to exceed $25,000 (statutory limit). Funds available in Acct. No. CS53-58250-810354-00-53B2146.
Title
Approving plans and specifications for public improvements required to serve Phase 5 of the Subdivision known as Linden Park, and authorizing construction to be undertaken by the Developer, Private Contract No. 2146. (1st AD)
Body
WHEREAS, the developer, Great Neighborhoods West, LLC, has received the City of Madison's approval to create the subdivision known as Linden Park; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision; and
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public improvements to serve Outlot 22 and Outlot 23 as Phase 5.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract for Subdivision Improvements For Linden Park, Phase 5, with Great Neighborhoods West, LLC, and a Release of the Declaration of Conditions, Covenants, and Restrictions on the lots for which public improvements are to be provided.
2. That the plans and specifications for the public improvements necessary to serve this phase of the subdivision are hereby approved.
3. That the developer is authorized to construct the public improvements in accordance with the terms of the Contract for Subdivision Improvements at the sole cost of the developer, except as follows: Reimbursement not to exceed the statutory limit for the cost of street improvements that benefit the City and abut lands owned by the City, in accordance with Section 16.23(9)(d)(6)(d).
4. That the Mayor and City Clerk are hereby authorized to accept dedication of lands and/or easements from the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.